SOLOCAL_Registration Document_2017

FINANCIAL STATEMENTS 6.2 Annual financial statements for the financial years ended 31 December 2016 and 2017

3.11

BREAKDOWN OF REVENUES

Revenues totaled €23.1 million in 2017, versus €23.5 million in 2016, and consisted of:

Financial year ended 31 December

2017 1,476

2016 8,241 1,845

(in thousands of euros)

Assistance for subsidiaries

Charging back of employee expenses Charging back of property services

429

1

21,153

13,350

Other

-

25

GROUP REVENUES

23,058

23,462

2

The turnover includes the real estate services invoiced to the subsidiaries.

3.12

FINANCIAL INCOME

3

The financial income for 2017 comprises dividends received from relating to interest on borrowings for €32.7 million against its PagesJaunes subsidiary for €64.1 million, writebacks of €72.6 million in 2016 due to the restructuring of the debt, provisions for the depreciation of securities and current accounts impairments of fixed securities for €37.2 million, as well as the in the amount of €8.4 million. It also includes financial charges result of disposals of receivables amounting to €12.3 million.

4

Financial year ended 31 December

2017

2016

(in thousands of euros)

Dividends

64,081

- -

Financial income relating to derivatives

-

5

Other financial income

1,217 8,364

900

Amounts released from provisions

75,555

Exchange-rate gain

1

1

FINANCIAL REVENUES

73,664 32,707

76,457 72,618

6

Interest on loans and sundry financial debts Financial expenses relating to derivatives

-

-

Other financial expenses

418

465

Accretion expense on pension commitments

-

40

Allowances for financial provisions Gross value of claims transferred

37,204 12,289

18,652

7

-

Exchange-rate losses FINANCIAL EXPENSES FINANCIAL INCOME

1

0

82,618 (8,955)

91,776

(15,319)

8

199

2017 Registration Document SOLOCAL